Jersey’s MONEYVAL report cements the island’s international credibility
Following a visit from inspectors in 2023 Jersey this week received an exceptional evaluation from MONEYVAL, the Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism.
This extremely positive report is a testament to the island’s robust financial regulations and commitment to international standards, and bolsters Jersey’s reputation as a distinguished and responsible financial centre.
Jersey has consistently been one of the preferred destinations for secure and effective financial services. The report reassures clients that Jersey is a jurisdiction that is committed to combatting financial crime, as Jersey’s effectiveness in this area is among the highest level found in jurisdictions evaluated around the world.
Other key findings were:
- Praise for Jersey’s accuracy and transparency of beneficial ownership information
- Recognition of Jersey’s important and effective role in providing mutual legal assistance and other international cooperation
- No “fundamental improvements” are needed to Jersey’s current regime
The MONEYVAL report highlights the vigorous measures that Jersey’s financial centre takes when dealing with counter terrorism financing.
A copy of the report can be accessed from the MONEYVAL website.
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